Group 1 - The core viewpoint is that recent policies in the service consumption sector are revitalizing the Hong Kong stock market's internet industry, with a focus on enhancing trade and investment facilitation in Hainan Free Trade Port and Shanghai's initiatives to stimulate consumption [1] - AI technology is enhancing industry efficiency, with OTA platforms benefiting from GEO development; for instance, Ctrip's "Smart Engine 3.0" has improved product recommendation efficiency by over 8% [1] - The local lifestyle sector is experiencing significant digital upgrades, as evidenced by Gaode's "Street Scanning List," which has led to a more than threefold increase in merchant order volume after covering all scenarios [1] Group 2 - The education sector is focusing on vocational education reform, with plans to add seven vocational undergraduate institutions by 2026 [1] - The duty-free industry is seeing new developments, highlighted by the topping out of the third phase of Sanya International Duty-Free City, which is expected to be completed in phases by 2026 [1] - Overall, underpinned by policy support and technological innovation, the Hong Kong stock market's internet sectors are presenting structural growth opportunities [1] Group 3 - The Hong Kong Internet ETF (513720) tracks the Hong Kong Stock Connect Internet Index (931637), which consists of internet companies listed on the Hong Kong Stock Exchange, covering sectors such as communication services, information technology, and consumer discretionary, with a focus on soft technology [1] - The constituent stocks have a substantial total market capitalization, and leading companies significantly influence the index, reflecting the overall performance of Hong Kong's internet-related listed companies [1]

Group 1 - The core viewpoint of the article highlights the performance of the E Fund Hong Kong Internet ETF (513040), which experienced a decline of 2.39% on January 7, with a trading volume of 797 million yuan [1] - The fund's total shares increased by 23.5 million, bringing the latest total to 6.06 billion shares, with a notable increase of 962 million shares over the past 20 trading days [1] - The latest net asset value of the fund is calculated to be 8.741 billion yuan, and since its establishment on May 31, 2023, it has achieved a return of 44.24%, although it has seen a decline of 1.52% over the past month [1] Group 2 - The fund's performance benchmark is the CSI Hong Kong Stock Connect Internet Index return, calculated using the valuation exchange rate [1] - The fund is managed by E Fund Management Co., Ltd., with fund managers Li Xu and Zhang Zefeng overseeing its operations [1]

Group 1 - The Hong Kong Stock Connect Internet ETF (159792) increased by 1.93% with a trading volume of 2.889 billion yuan on January 6 [1] - The fund's shares rose by 267 million, bringing the total shares to 93.465 billion, with an increase of 1.799 billion shares over the last 20 trading days [1] - The latest net asset value of the fund is calculated at 83.875 billion yuan [1] Group 2 - The performance benchmark for the Hong Kong Stock Connect Internet ETF is the CSI Hong Kong Stock Connect Internet Index return [1] - The fund is managed by Fortune Fund Management Co., Ltd., with fund managers Cai Kaer and Tian Ximeng [1] - Since its inception on September 15, 2021, the fund has returned -10.26%, with a return of -0.41% over the past month [1]

Core Insights - The Hong Kong Stock Connect Internet ETF (513040) increased by 1.15% on December 17, with a trading volume of 1.158 billion yuan [1] - The fund's shares rose by 170 million, bringing the total shares to 5.539 billion, with a total increase of 1.029 billion shares over the last 20 trading days [1] - The latest net asset value of the fund is 7.824 billion yuan [1] Performance Summary - The performance benchmark for the Hong Kong Stock Connect Internet ETF is the CSI Hong Kong Stock Connect Internet Index return rate, calculated using valuation exchange rates [1] - The fund is managed by E Fund Management Co., Ltd., with fund managers Li Xu and Zhang Zefeng [1] - Since its inception on May 31, 2023, the fund has returned 41.26%, while the return over the past month has been -6.22% [1]

Group 1 - The Hong Kong Stock Connect Internet ETF (520650) experienced a decline of 1.19% on December 9, with a trading volume of 26.4653 million yuan [1] - The fund's shares increased by 17 million to a total of 260 million shares, although there was a reduction of 1 million shares over the past 20 trading days [1] - The latest net asset value of the fund is calculated to be 238 million yuan [1] Group 2 - The performance benchmark for the Hong Kong Stock Connect Internet ETF is the CSI Hong Kong Stock Connect Internet Index, adjusted for valuation exchange rates [1] - The fund is managed by Southern Fund Management Co., Ltd., with fund managers Wang Xin and Zhang Qisi [1] - Since its inception on October 29, 2025, the fund has reported a return of -8.43%, with a one-month return of -4.93% [1]

Core Viewpoint - The Cathay CSI Hong Kong Stock Connect Internet ETF (513723) is set to launch from December 8 to December 19, 2025, with a maximum initial fundraising scale of 2 billion yuan [1] Fund Details - The fund will be managed by Cathay Fund, with Liang Xing serving as the fund manager [1] - The performance benchmark for the fund is the return rate of the CSI Hong Kong Stock Connect Internet Index (adjusted for exchange rates) [1]

Core Points - The Hong Kong Stock Connect Internet ETF (513040) experienced a decline of 0.74% on November 19, with a trading volume of 559 million yuan [1] - The fund's shares increased by 22 million to a total of 4.51 billion shares, with a notable increase of 979 million shares over the past 20 trading days [1] - The latest net asset value of the fund is 6.61 billion yuan [1] - The performance benchmark for the ETF is the CSI Hong Kong Stock Connect Internet Index return rate, calculated using the valuation exchange rate [1] - Managed by E Fund Management Co., Ltd., the fund has achieved a return of 46.57% since its inception on May 31, 2023, while the return over the past month is -3.78% [1]

Group 1 - The three major indices opened higher but turned to decline, with sectors like chemicals, rare metals, and storage chips leading the gains, while power equipment and engineering machinery saw slight declines [1] - Major technology stocks such as Cambrian, New Yisheng, and Zhongji Xuchuang experienced sharp declines, impacting the performance of the Science and Technology Innovation Artificial Intelligence ETF (588730) and the Artificial Intelligence ETF (159819) [1] - Despite market fluctuations, global AI investment is expected to remain resilient, and the AI sector continues to be a focal point for investors, with a recommendation to pay attention to internet stocks in the Hong Kong Stock Connect with clear odds advantages [1] Group 2 - The Science and Technology Innovation Artificial Intelligence ETF (588730) tracks the Shanghai Stock Exchange Science and Technology Innovation Board Artificial Intelligence Index, selecting 30 large-cap stocks related to the AI industry chain, highlighting its "hard technology" attributes [2] - The Artificial Intelligence ETF (159819) tracks the CSI Artificial Intelligence Theme Index, covering leading companies across various segments of the AI industry chain, providing investors with opportunities to capitalize on AI industry development [2]

Group 1 - The Guangfa CSI Hong Kong Stock Connect Internet ETF (520633) will be launched for subscription from November 10 to November 21, 2025, with a maximum fundraising scale of 2 billion yuan [1] - The fund will be managed by Guangfa Fund, with Xia Haoyang serving as the fund manager [1] - The performance benchmark for the fund is the return rate of the CSI Hong Kong Stock Connect Internet Index, calculated using the valuation exchange rate [1]

Core Points - The Southern CSI Hong Kong Stock Connect Internet ETF has been registered with the China Securities Regulatory Commission and is set to be launched for subscription from October 20 to October 24, 2025 [1][19] - The initial fundraising cap for the fund is set at 2 billion RMB, with a maximum subscription limit of 20 billion RMB [2][20] - Investors can subscribe through online and offline cash methods, requiring a Shanghai Securities Account for participation [4][31] Fund Details - Fund Name: Southern CSI Hong Kong Stock Connect Internet ETF [14] - Fund Type: Stock-type open-ended index fund [14] - Fund Management Company: Southern Fund Management Co., Ltd. [1] - Fund Custodian: Guotai Junan Securities Co., Ltd. [1] Subscription Process - Online cash subscription is available through designated sales agencies, while offline cash subscription can be done through direct sales and agency institutions [3][4] - Subscription fees are capped at 0.80% [5][22] - Minimum subscription amounts vary, with online subscriptions requiring a minimum of 1,000 shares and offline subscriptions requiring at least 100,000 shares when subscribing through the fund manager [11][12] Fund Operation - The fund will operate as an exchange-traded fund (ETF) and will track the CSI Hong Kong Stock Connect Internet Index [10] - The fund's net asset value may fluctuate due to market conditions, and it is subject to various investment risks associated with the stock and futures markets [10][11] Investor Requirements - Investors must have a Shanghai Securities Account to participate in the fund subscription [13][26] - The fund is open to individual investors, institutional investors, and qualified foreign investors [16][19] Fund Management and Coordination - The fund's sales coordination is managed by Guotai Junan Securities Co., Ltd. [42] - The fund management company is committed to managing the fund with diligence and integrity, although it does not guarantee profits [13][42]